Just a quick reaction to Labour’s CGT announcement from me borrowing from a few economists social media commentary. Super rushed so excuse typos.
Labour’s post-long-weekend promise lands with a familiar thud… a shiny new tax to fund a shiny new entitlement. Chris Hipkins announced Labour would introduce a narrow capital gains tax (CGT) on profits from investment and commercial properties sold after July 2027. The money, he says, will fund a “Medicard” providing three free GP visits per year.
